U.S. retail sales in May for Classes 4-7 improved 36% compared with a year earlier, as all but the heaviest class showed strong gains, WardsAuto.com reported. Sales reached 20,134 compared with 14,809 in the 2020 period. Year-to-date sales jumped 21.5% to 99,318 compared with 81,766 last year. Act Research Vice President Steve Tam said, “Private fleets and lease and rental fleets are driving the demand, largely, and most of what is occurring is replacement activity.”

Learn more about your ad choices. Visit podcastchoices.com/adchoices